Boursa Kuwait signs agreement with Ooredoo to manage its DR datacenter

December 20, 2018

Datacenter to allow company to safeguard its mission-critical data and services

KUWAIT: As part of its ongoing commitment to provide a secure, robust and cost-effective market place infrastructure, which ensures the continuity of the operations key services in the case of disasters, Boursa Kuwait has signed an agreement with Ooredoo Kuwait, to host the stock exchange’s disaster recovery (DR) datacenter.

The signing ceremony was held at the Boursa Kuwait headquarters, in the presence of Khaled Abdulrazzaq Al-Khaled, Chief Executive Officer, Boursa Kuwait and Sheikh Mohammed bin Abdullah Al-Thani, Chief Executive Officer at Ooredoo Kuwait, and other senior representatives from both companies.
Boursa Kuwait’s Datacenter provides a highly available hosting space that enables Boursa to remotely run and manage enterprise applications from a controlled and secure environment. This will help Boursa in safeguarding mission critical data with the highest level of security and operational reliability by offering services in-line with the highest industry standards.

The scope of services for the new system also includes secured colocation area, high-speed connectivity between main and DR site, high available Internet connectivity, and high available market participant connections. Boursa Kuwait will also have multi-redundant links that will ensure an uninterrupted connectivity between main and DR site in case of a main circuit’s failure.

Al-Khaled said: “In line with our vision of creating and sustaining a robust and resilient stock market where companies and investors can thrive, we have been investing our time and efforts to adopt the best practices across all aspects of our operations. The new DR datacenter will further strengthen our IT DR Infrastructure and improve business continuity within the organization at a lower cost with higher service standards. We are optimistic that our partnership with Ooredoo will bring further value to all our participants.”

Sheikh Al-Thani expressed his gratitude and appreciation to the trust and confidence Boursa Kuwait had given Ooredoo in Kuwait to fulfill this mutual agreement. He said: “Ooredoo is pleased to host Boursa Kuwait DR solution in its world-class hosting Data Center located in Kuwait. Ooredoo Data Center meets Boursa mission critical application requirements and provides premium quality hosting and managed services. Ooredoo Data Center network platform and facilities meet the security requirements and provides high availability and reliability that address the needs of Boursa.

Ooredoo is committed to ensuring synergy in delivery and support, and is looking forward to a successful and long-term business relationship with Boursa that will bring real benefit to both companies.
“This partnership comes in tandem with the Ooredoo’s strategy of being a leader in the market in terms of Digital Transformation and managed services,” Al-Thani concluded.